Strategic Initiative

Slingshot members are tracking this corporate initiative:

Novartis disbands its pioneering cell and gene therapy unit

Do you think this event is important to the companies below? How will it affect their stock price?

Related Companies
High Medium Low
Impact on Stocks




Additional Information

Additional Relevant Details Novartis confirmed that the 400-member group is being disbanded, with most being “redeployed” to new positions while 120 could be left without a job.That move is a stunner for many in the CAR-T field, especially after all the hoopla at Novartis around its work.

The news hit Kite and Juno as well, though. Shares of Juno dropped 5% Wednesday morning, with Kite down 4%.
Slingshot Insights Explained
Strategic Initiative Date
Announcement Date:
Aug 31, 2016
Projected Implementation:
Q3, 2016
Relevance Tracked Until:
Q1, 2017
Related Projects Image
  • Don’t see a project related to the strategic initiative you care about?

Related Keywords Gene Therapy